Sell BTC/USDT – 30M – SELL

The pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline down.

A descending movement down to the next support line at 83034.230000000 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 84990.220000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles show ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Support & Resistance Price Range*
3rd High 87728.270000000
2nd High 86100.000000000
Next High 84990.220000000
Current Price 84695.650000000
Next Low 83034.230000000
2nd Low 78969.580000000
3rd Low 78464.360000000

Download BTC/USDT Signal Image

Trading Signals:

Forex and Crypto Live Trading Signals - MyLiveSignals